The user discharges a burst of light from their foot that explodes instantaneously on impact. The user projects a sword made of light and then blinks towards the cursor, stabbing and block-breaking anything in its way. US$1.Moveset Pika-Pika Moves (In Order of Unlock) Optimised using existing pipeline capacity, single small footprint drilling pad and electrified field operationsġ65 mmbbl Santos-share at 51% interest (net of 18.67% royalties) Pikka Phase 1 key metrics Development plan The remaining interest is held by Repsol. Santos has a 51% interest in the Pikka Unit. With approximately 90 per cent of project spend within North America minimising supply chain risk and civils work already completed, the project is well positioned for execution.”
“We have a world-class team with a rich history of successfully carrying out work on the North Slope. “Pikka Phase 1 will execute a responsible development plan with a small surface footprint and utilise existing infrastructure, including the Kuparuk transportation pipeline and the Trans-Alaska pipeline system. “The project will add further diversification to our portfolio and reduces geographic concentration risk. “Santos has emission reduction plans to achieve scope 1 and 2 net-zero emissions by 2040 and in-line with that commitment, Pikka will be a net-zero project. “Low-carbon oil projects like Pikka Phase 1 respond to new demand for OECD supply and are critical for global and United States energy security, that has been highlighted since the Russian invasion of Ukraine.
“Global oil and gas markets are seeing increased volatility and countries are looking to diversify their supply sources away from Russia, which according to the International Energy Agency, currently produces 18 per cent of the world’s gas and 12 per cent of its oil,” Mr Gallagher said. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Pikka Phase 1 is the right project at the right time in the right location. The Pikka Phase 1 project represents compelling value for Santos shareholders given its robust economics and strong local stakeholder support. Phase 1 of the project is expected to create more than 500 jobs and construction of the project will deliver approximately 2,600 jobs. Santos is focussed on local procurement and local employment as part of the project, with 98 per cent of current employees living in Alaska. Pikka Phase 1 represents one of the lowest-cost and lowest unabated emissions intensity new oil projects in the region. Santos is committed to delivering a net-zero project (scope 1 and 2, equity share) and has entered into Memorandums of Understanding with Alaska Native Corporations to deliver carbon offset projects, including a Strategic Alliance with ASRC Energy Services, a wholly-owned subsidiary of ASRC, on leading technology development for carbon solutions in the Arctic.Īlaska has a rich and proud oil and gas history – welcoming the jobs, investment and community development the industry provides. Taking FID on Pikka Phase 1 is consistent with Santos’ goal of achieving net-zero (scope 1 and 2, equity share) by 2040. The project has strong fundamentals, is located in a world-class oil producing province with significant existing infrastructure, has low unabated emissions intensity and is supported by key stakeholders, including the State of Alaska, the North Slope Borough, the landowner company Kuukpik Corporation and the Arctic Slope Regional Corporation (ASRC). Pikka Phase 1 is expected to produce 80,000 barrels a day of oil gross with first oil anticipated in 2026. Santos, as operator of the Pikka Unit joint venture, today announced a final investment decision (FID) has been taken to proceed with the US$2.6 billion gross (US$1.3 billion Santos-share) Pikka Phase 1 oil project located on the North Slope of Alaska.
Strong support from key stakeholders, including the State and landowners.Santos committed to a net-zero project (scope 1 and 2, equity share).2P reserves 397 million barrels gross pre-royalties.Expected production 80,000 barrels a day gross with first oil anticipated in 2026.Santos announces Pikka FID and net-zero project plans
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